double indemnity

Definition

A life insurance policy provision that calls for an additional payment, usually equal to the face amount of the insurance, in the event of accidental death. Also called accidental death benefit.

Use double indemnity in a sentence

You need to make sure that you get the right double indemnity so that your loved ones will be fully covered.

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The double indemnity clause of the insurance policy was unfavorable to us so we decided to not sign the contract.

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My husband drives recklessly and likes risk, therefore, I have purchased a double indemnity life insurance policy for him because I believe the liklihood of his accidental death to be higher than average and can use the extra insurance payout should he die of something other than natural causes.

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